(Bloomberg) -- The New Zealand dollar may rise on
speculation imports continue to outpace exports, fuelling consumer
demand enough to spur another interest rate increase next month.
New Zealand's dollar, known as the kiwi, gained 4 percent
this year as the central bank boosted the benchmark rate to a
record 7.75 percent to subdue demand and control inflation. The
trade shortfall, released today, probably widened for a second
consecutive month in the year ended April 30, according to the
median estimate of 10 economists surveyed by Bloomberg News.
Read more at Bloomberg Currencies News
speculation imports continue to outpace exports, fuelling consumer
demand enough to spur another interest rate increase next month.
New Zealand's dollar, known as the kiwi, gained 4 percent
this year as the central bank boosted the benchmark rate to a
record 7.75 percent to subdue demand and control inflation. The
trade shortfall, released today, probably widened for a second
consecutive month in the year ended April 30, according to the
median estimate of 10 economists surveyed by Bloomberg News.
Read more at Bloomberg Currencies News
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